Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Orchard View Elderly Housing, Inc. (the "Organization") under programs of the federal government for the year ended August 31, 2025. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The outstanding loan balance of the HUD insured mortgage (Federal Assistance Listing Number 14.155) as of the statement of financial position date is $2,530,111.
There were no subrecipients during the year ended August 31, 2025, as there were no sub-awards of federal funds.